Takaso’s move into construction is ‘fair and reasonable’ – adviser

KUALA LUMPUR (Mar 17): Takaso Resources Bhd’s proposed related party transaction (RPT) to diversify into the construction business has been deemed “fair and reasonable” by its independent adviser DWA Advisory Sdn Bhd.

DWA Advisory is advising Takaso minority shareholders to vote in favour of the proposed RPT at the forthcoming extraordinary general meeting (EGM) on April 2.

In a circular filed by Takaso with Bursa Malaysia this evening, DWA Advisory said the proposed venture into construction was expected to contribute 25% or more to Takaso’s net profit in the future.

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